Average square foot calculated using Size range provided by listing agent.
Description
3113–3123 Thompson Ave, an 18-unit multifamily portfolio consisting of three contiguous, side-by-side buildings in Kansas City’s Historic Northeast. This classic 1920s asset features updated systems, efficient operations, and the opportunity to increase financial returns through lease-up and value-add strategies. One 6-unit building has been fully renovated down to the studs and will be delivered vacant, ready for market-rate tenants. The remaining occupied buildings have received consistent upgrades over time, with freshened common areas completed in summer 2025. The property is all-electric, with updated plumbing throughout, including a new sewer line installed in 2023, and features low-maintenance electric baseboard heat and window A/C units. While there is no off-street parking, the location is just 2.5 miles from downtown and close to public transportation lines. City-provided trash service helps keep operating expenses low, and there is potential to add common laundry in the basement for additional income and tenant convenience. This is a rare, cohesive multifamily offering with solid fundamentals and financial upside.Show Description
MLS® Number2568053
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1929
Stories3
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatBaseboard
A/CWindow Unit(s)
Heating Fuel
Extras
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